Executive pay increases continue to riseOn 14 May 2002 in Personnel Today Related posts:No related photos. Previous Article Next Article Executive pay increases have continued to soar well above average paysettlements over the last 12 months according to research by New Bridge StreetConsultants. A survey of more than 1,300 executives reveals the increase in basic salaryfor executives in parent companies was 6.7 per cent and 8 per cent for those insubsidiaries, compared to average pay settlements of 3.2 per cent. Chiefexecutives in parent companies earn on average £429,000 and their counterpartsin subsidiary companies £160,500. The study also reveals a continuing pay gap between male and female seniorexecutives, with men earning £135,000 as opposed to £101,700 for women insimilar positions. David Shammai, of New Bridge Street Consultants, said: “The basicsalary increases for senior executives last year was slightly lower than inprevious years, despite the slower economy.” The research reveals executive share options remain an important part of theexecutive pay package, with 61 per cent of respondents intending to grant shareoptions in the foreseeable future. The average value of shares optioned last year to an executive participatingin a share option scheme was 100 per cent of basic salary, up from 81 per centthe previous year. www.nbsc.co.uk Comments are closed.